Tuesday, March 19, 2013

Rejection Of The DPJ Supported The Appreciation Of The Yen

Penolakan DPJ Topang Apresiasi Yen

Monexnews-Yen traded strengthened against most of its major rivals after Japan's largest opposition party said it will oppose the nomination of Kikuo Iwata, which pro-aggressive, easing policy as Deputy Governor of the BoJ. The main opposition party, the Democratic Party of Japan, said that the rejection of the proposal to revamp the Iwata related legislation of the central bank, which will allow the Government to better control the setting of the policy.

While the term of the Governor of the Bank of Japan today, Masaaki Shirakawa, along with His 2 will end on March 19. Even without the support of the DPJ, Iwata is still likely to occupy positions as Deputy Governor of the BoJ if PM Shinzo Abe was able to gather support votes from opposition parties. (vid)

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Title Post: Rejection Of The DPJ Supported The Appreciation Of The Yen
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Author: Mohammad Zulfi Satriawan

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